DETROIT PUBLIC SCHOOLS FOUNDATION (EIN 300135450) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2002

Legal Domicile

Principal Officer

KERRIE MITCHELL

Phone

3138733348

Tax Period

2024-07-01 to 2025-06-30

DETROIT PUBLIC SCHOOLS FOUNDATION, founded in 2002, is a mid-sized nonprofit in the Education sector that reported $28.9M in total revenue in fiscal year 2024. Revenue surged 696% from the prior year, signaling strong growth momentum. The organization ran a surplus of $22.7M, a strong 79% operating margin.

Mission

TO CREATE AND ENHANCE EDUCATIONAL OPPORTUNITIES FOR DETROIT PUBLIC SCHOOLS COMMUNITY DISTRICT STUDENTS, FAMILIES AND EDUCATORS.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $27,236,642

Program Service Revenue $478,268

Investment Income $523,323

Other Revenue $646,749

TOTAL REVENUE $28,884,982

Expense Breakdown

Grants Paid $4,849,291

Salaries & Benefits $661,009

Fundraising Expenses $506,528

Program Expenses $5,328,836

Other Expenses $669,865

TOTAL EXPENSES $6,180,165

Year-over-Year Comparison

	2024	2023	Change
Revenue	$28,884,982	$3,629,296	+7.0%
Expenses	$6,180,165	$4,926,646	+0.3%
Net Income	$22,704,817	$-1,297,350	-18.5%

Key Indicators

✓ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

N/A

Governance Policies

✗ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$175,050

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KERRIE M MITCHELL	PRESIDENT CEO	040.00	Officer	$175,050	$0	$175,050
IRIS A TAYLOR	CHAIRPERSON	002.00	Officer Director	$0	$0	$0
SUSAN L BRUECKMAN	VICE CHAIRPERSON	002.00	Officer Director	$0	$0	$0
GWENDOLYN L HATTEN BUTLER	TREASURER	002.00	Officer Director	$0	$0	$0
JOYCE HAYES GILES	SECRETARY	002.00	Officer Director	$0	$0	$0
RIAN BARNHILL	MEMBER	001.00	Director	$0	$0	$0
GINA COLEMAN	MEMBER	001.00	Director	$0	$0	$0
LAURA KOPACK	MEMBER	001.00	Director	$0	$0	$0
PATRICK O LINDSEY	MEMBER	001.00	Director	$0	$0	$0
ELIZABETH CORREA	MEMBER	001.00	Director	$0	$0	$0
JAMES COLEMAN	MEMBER	001.00	Director	$0	$0	$0
CHARLES BRIGGS	MEMBER	001.00	Director	$0	$0	$0
DARIENNE D HUDSON	MEMBER	001.00	Director	$0	$0	$0
ANGELIQUE PETERSON-MAYBERRY	MEMBER	001.00	Director	$0	$0	$0
ALYCIA MERIWEATHER	MEMBER	001.00	Director	$0	$0	$0
KWAME SIMMONS	MEMBER	001.00	Director	$0	$0	$0
NIKOLAI VITTI	MEMBER	001.00	Director	$0	$0	$0
SHANNON SMITH	MEMBER	001.00	Director	$0	$0	$0
TIFFANY WITHERSPOON	MEMBER	001.00	Director	$0	$0	$0
Charles H Ellis III	MEMBER	001.00	Director	$0	$0	$0

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2025	$28,884,982	$6,180,165	$30,927,788	$22,704,817
2024	$3,629,296	$4,926,646	$6,243,355	$-1,297,350
2023	$4,228,262	$3,053,774	$6,317,450	$1,174,488
2022	$3,244,071	$3,266,104	$5,132,449	$-22,033
2021	$6,732,219	$8,710,877	$5,212,797	$-1,978,658
2020	$16,670,036	$13,964,816	$11,989,425	$2,705,220
2019	$5,070,776	$3,334,262	$4,644,909	$1,736,514
2018	$3,923,262	$2,996,018	$2,389,281	$927,244

DETROIT PUBLIC SCHOOLS FOUNDATION